5 Quality Metrics Predicting The Future Of Manufacturing

IQMS

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks.

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. The post Outsourcing Sourcing! Subscribe Here!

Rating Sustainability Performance: An Essential Business Metric

EcoVadis

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric.

Supply Chain Metrics: Make Sure They Are Aligned with Your Strategy!

Supply Chain View from the Field

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Rather then selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. Step 2 – Develop Metrics and Data Sources.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

The company is also stopping production in Ecuador, Venezuela, Belarus and Pakistan by April 2014 (these countries scored low in a World Bank report that assessed countries on accountability, corruption, violence, and other metrics).

Made in “I Really Don’t Know”

Talking Logistics

As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them. Here are some recommendations: Identify and document the root causes of poor supply chain visibility. no metrics, operate in functional silos). Define and document Supply Chain Mapping business processes.

Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. The focus is on functional metrics, but are unable to get to overall supply chain metrics. We finished dinner.

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SIG Webinar on Procurement Analytics and Innovative Data Leveraging

Supply Chain View from the Field

I will be leading a webinar with the Sourcing Interest Group next Nov. In particular, there is a noticeable gap between procurement executives’ explicit intentions of driving value for the business, and documented results as they pertain to improved engagement with internal business groups, ability to drive innovative analytical tools, and the resulting gap in alignment with business strategy. 12 at 2 PM, based on a study I have been working on with some folks at IBM.

SCRC Student Project Lineup Off to a Great Start…

Supply Chain View from the Field

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations. Each team will develop a written contract with selected partner(s) that documents the agreement resulting from the negotiation process.

Beyond Spend Analytics: Supplier Life Cycle Data

Supply Chain View from the Field

In sourcing, data must be tracked over the entire life of a supplier. Then the evaluation of the supplier must be documented, and linked presumably to a category strategy (although not in all cases…). And an active supplier will also start sending you things – but are they doing it on time, and what are the metrics with the delivery of the contracted product or service.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

All activities are documented by a team recorder. It typically describes how a process should consistently be executed and documents current ‘best practices.’ These metrics would, of course, be aligned and are updated every hour.

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4 Reasons to Integrate Order-to-Cash & Procure-to-Pay

OneSCM

For sales and operations staff alike, the inability to access current orders, inventory and production information is often a significant source of frustration and waste. For example: how much would more timely document submissions and responses (PO/POACK, ASN, Invoice, etc.)

What Is The Mission?

Supply Chain Shaman

Overall results in business performance on the critical supply chain metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) are declining. Company metrics are inter-related. Balance occurs when the metrics align with the business strategy. These balanced metrics overlay the functions of source, make and deliver. A Leader in Performance and Metrics Improvement. . Daily I see one.

Driving Organizational Alignment

Supply Chain Shaman

In supply chain strategy documents, terms like alignment, agility, responsiveness, and flexibility dot the page. Over the course of the last decade, companies have moved at different rates to align source, make and deliver processes to report to common leader.

Getting that “Swing” in Supply Chain Management

Talking Logistics

How do you successfully align goals, metrics, and resources across functional groups? Which metrics are the right ones? Rather than selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely.

7 Easy Steps to Create an Inbound Vendor Routing Guide

Cerasis

It needs to have a fail-safe to prevent vendors from selecting incorrect shipping methods and provide a source of cross-checking between shipment selection. A defined set of rules should serve as the “checkpoint” in this part of the document, ranging from marking and labeling to back-order processing. This allows you to require vendors to sign in and acknowledge having read the document before using it.

Off to another exciting year of student-industry engagement at NC State on cutting-edge supply chain projects

NC State SCRC

Duke Energy Sourcing Automation through AI: Sourcing Optimization through technology and artificial intelligence are becoming more readily available within the Supply Chain industry. MUFG Union Bank Strategic Performance Metrics.

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. Still, to the large extent, transport sector depends on non-renewable fuel sources along with the gases that emit carbon dioxide.

Who Needs Quality Management?

Oracle SCM

With such an approach, companies are working in a sub-optimal manner, and then start to face these types of challenges: - Quality metrics are either not available or are incomplete. - Inability to view real-time metrics. Everyone knows that quality is an important topic.

4 Strategies to Improve Supply Chain Efficiency for Manufacturing Business Owners

Unleashed

Manufacturers typically perform planning, sourcing (finding suppliers), making (manufacturing), delivering and returns. There are many supply chain performance measurement metrics to help do this, however, commonly used is the Perfect Order Index. This is a measure of an order that is delivered on time, complete, damage-free and with correct documentation. Whichever metrics a business uses, note it must be in synergy with the overall business strategy.

Training for the Next Triathlon. Insights for You?

Supply Chain Shaman

Abby and I are writing an e-book on Supply Chain Metrics that Matter. Likewise, in today’s supply chain environment, I find that supply chain leaders favor a single function of logistics, manufacturing or sourcing. Companies that are not looking holistically at metrics are stuck.

Procurement Interview Questions & Answers

Supply Chain Game Changer

Further analyzing that spend can help you determine opportunities for implementing cost savings practices like supplier consolidation, strategic sourcing , and standardization. If we buy a customized product from a single source how will you know if the price is fair? Subscribe Here!

Business Process Design: Technical Requirements — Part 5 of 5

Supply Chain Nation

As per our prior post , we are now working with the following definitions: Business Metric : a quantifiable measure used to track and assess the performance of a specific business area or activity.

Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

The goal is deeper analytics to sense and respond across make, source and deliver. The traditional EDI approach inserts a day latency to open and read documents. Companies need a real-time data source on performance.

This Week in Logistics News (August 13-17, 2018)

Talking Logistics

Blockchain might not be able to solve, cure, or save everything as the hype suggests, but there are certainly applications where the business case makes more sense, such as global trade because of the many different parties, documents, regulations, and financial transactions involved.

Rethinking the How….

Supply Chain Shaman

It is less of a fit for unstructured data (weather, maps, social, sentiment, warranty, quality, contract documents and pictures) and streaming data (sensors, RFID, and telematics). Do not force teams to do documented phased process flows and a definitive ROI.

Top 10 Supply Chain Innovations of 2018

Material Handling & Logistics

Source ID. Source ID. Source ID. The retail giant plans to take out 50 million metric tons (MMT) by 2030, which is equivalent to the emissions associated with the average annual electricity consumption of 40 million Chinese households. Source ID. Source ID.

3 Components to a Complete Lean Transportation Management System

LeanCor

We start with customer demand and consider overall value when sourcing carriers, instead of transportation rates alone. Any waste that exists needs to be documented, and problem solving needs to happen around the waste.

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Demand-Driven Transformation at Shell

Supply Chain Shaman

Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global.

[WHITE PAPER] 4 Strategic Considerations when Considering Offshoring Parts of your Supply Chain

Cerasis

One mistake companies often make is focusing on the lowest purchase price per item instead of considering the total landed cost of sourcing from offshore suppliers. Use key metrics and a scorecard system to understand if product is flowing as planned.

Building the Business Case for Digital Transformation of Supply Chain Planning

Logility

Materials and components are sourced from ever-more remote locations and finished products are being sold into expanding regions and channels. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. Envision the “To-Be” process capabilities and desired performance metrics through benchmarking, group brain storming sessions, and alignment to business strategy and direction.

The Future of Procurement Is Upon Us. Are You Ready?

ivalua

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. Burton predicts that China and Brazil will become hubs for global sourcing.

Supply Chain Goals: Gracefully Overcoming the Hurdles of Global Sports Events

BluJay Solutions

million shipped items and 60 metric tons of air freight.*. When the processes are digitally automated, companies can manage their documents in a central hub and file electronically with the various customs authorities. Source: [link].

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Retail Inventory Shrinkage Remains a Problem

Enterra Insights

APQC analysts note, “Thoroughly evaluating shrinkage includes looking at the actions of employees and suppliers to identify fraudulent behavior, as well as badly defined or documented processes that might lead to higher errors or inventory problems at multiple points in the process.”[3]. As the greatest source of inventory loss, shoplifting obviously must be addressed.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Metrics and Key Performance Indicators (KPIs) measure how well the shipper-transportation provider does in daily continuous improvement. Any detected waste needs to be documented and followed by problem-solving. “ The most dangerous kind of waste is the waste we do not recognize ”: Shigeo Shingo.

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